The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Passive Electronic Components Market is likely to witness a CAGR of 4.0% during the forecast period. Rapid growth in digitalization along with increased connectivity and mobility demand is giving rise to the complexity of electronics, fueling the growth of the passive electronic components market during the forecast period.
Some of the key players in the passive electronic components market are-
- AVX Corporation
- Eaton Corporation
- KEMET Corporation
- Murata Manufacturing Co. Ltd.
- Panasonic Corporation
- Taiyo Yuden Co. Ltd.
- TDK Corporation
- TE Connectivity Ltd.
Passive Electronic Components Market Share: By Inductors Type
Based on the inductors type, the market is segmented as consumer electronics and automotive. Consumer electronics is estimated to be the larger consumer of inductors in the market during the forecast period, owing to various applications of inductor, such as filters in the circuits to cut off frequencies, for power supply in several complex circuits, and for managing current. Shifting trends toward connected and smart devices are going to lead to an increased circuitry, generating an increased demand for inductors in consumer goods, such as television sets, computing devices, and wearable devices which keep a constant demand for inductors, fueling the segment growth over the forecast period.
Passive Electronic Components Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the dominant region in the market with India, China, Japan, and South Korea being the major countries with lucrative growth opportunities owing to the presence of several market players in the region. Factors, such as technological enhancements, exponential growth of smartphones in the region along with growing number of smartphone users in the regional countries, and smart city initiatives boosting the digitalization growth are expected to fuel the growth of the regional market over the forecast period. North America and Europe are also expected to offer substantial; growth opportunities in the market during the forecast period.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Passive Electronic Components Market analysis report discusses the following heads in great detail:
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